Dividends are the portion of a company’s net profit that is distributed to shareholders. Its amount is proposed by the Board of Directors then voted by the Shareholders’ Meeting after the approval of the accounts of the last year.
Dividends must be paid to shareholders, in proportion to the number of shares that they hold, within nine months of the end of the company’s financial year. Dividends are most commonly paid in cash, i.e. in euros. Also, they can be paid in newly-issued shares if this option is approved by the Shareholders’ Meeting.
To have the right to receive dividends, you must own one or more shares on the day before the reloval of coupon.
Receiving dividends requires no special action on your part. Cash dividends will be credited directly to your securities account by your financial intermediary.
The Board of Directors of Crédit Agricole S.A. met on 17 February 2015 will recommend a dividend of 0.35 euros per share at the next annual shareholders' meeting, unchanged from 2013. The pay-out ratio is increased from 38% in 2013 to 43% in 2014.
Shareholders will be given the option of receiving the dividend either in cash or in shares. The majority shareholder, SAS Rue La Boétie, has confirmed to the Board that it will elect for payment in shares. The dividend will be increased by the 10% loyalty bonus for eligible shareholders.
In recognition of the shareholders' trust and loyalty, the Board of Directors decided to submit to the extraordinary general meeting held on 18 May 2011 a resolution providing for the institution of a preferential dividend with a maximum premium of 10% as authorised by law, for shareholders who can demonstrate that they have held their shares in registered form for at least two years.
This resolution was adopted by a vast majority at the Annual General Meeting on 18 May 2011.
This provision shall apply for the first time to the dividend payable in respect of the year ended 31 December 2013, which will be paid after the General Meeting to be held in 2014 to shareholders who held fully registered shares or administered registered shares as of 31 December 2011 and who continue to hold them until the dividend payment date to be approved by the General Meeting to be held in 2014.
In accordance with the provisions of article L.232-14 of the Code de Commerce:
- Only holders of registered shares who have owned such shares for at least two years as of the end of the financial year and who continue to hold their shares in registered form as of the dividend payment date shall be eligible for this premium.
- The number of shares eligible for this premium may not, for any single shareholder, exceed 0.5% of the share capital at the year-end in question.
- The maximum authorised premium is 10% of the dividend paid.
For the shares registered in bearer's name since December 31st, 2011 and being able to benefit from an increase of dividend from 2014, the name of the Crédit Agricole S.A. shares is: Crédit Agricole Prime de fidélité 2014, codes Isin: FR0011163757.
For the shares registered in bearer's name since December 31st, 2012 and being able to benefit from an increase of dividend from 2015, the name of the Crédit Agricole S.A. shares) is: Crédit Agricole Prime de fidélité 2015, codes Isin: FR0011356245.
For the shares registered in bearer's name since December 31st, 2013 and being able to benefit from an increase of dividend from 2016, the name of the Crédit Agricole S.A. shares) is: Crédit Agricole Prime de fidélité 2016, codes Isin: FR0011636091.
For your other shares not eligible for the increased dividend, the code Isin of shares Crédit Agricole S.A. is: FR0000045072
Last update: February 2014